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On July 15, 2024, Ortiz & Company signed a contract to provide Everf resh Bakery with an ingredient-weighing system for a price of $96,000. The
On July 15, 2024, Ortiz \& Company signed a contract to provide Everf resh Bakery with an ingredient-weighing system for a price of $96,000. The system included finely funed scales that fit into Everfresh's automated assembyy tine, Ortir's proprietary software modined to allow the woighing system to function in Everfresh's automated system, and a one-year contract to calibrate the equipment and soltware on an as needed basis. If Ortiz was to provide these goods or services separately, it would charge $65,000 for the scales, $10,000 for the software, and $25,000 for the calbration contract Ortiz delivered and installed the equipment and software on Aupust 1, 2024 , and the calbration service commenced on that date. Assume that the scales, soltware and calibration service are all separate performance obligations. How much revenue will Oriz tecognite in 2024 for this contract? Note: Do not round intermediate calculations. Muatiole Choice 132000 so 572000 $96000
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